UAE – Motor ins. prices to decrease
Monday, 06 11 2018, Category: Insurance and Reinsurance, Country: U.A.E
The Insurance Authority said that motor insurance prices would decrease during the next period compared with the previous period when the new insurance contract started to be implemented in January 2017 according to a market study conducted by the Authority.
Moreover, the Authority indicated that it implemented many decisions since the decision No (30) of year 2016 regarding motor insurance prices was adopted in the beginning of year 2017. The study concluded that civil liability (third party) motor insurance prices are close to the minimum level and further price decreases are expected during the current year.
Source: Emarat Al Youm